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Nuran Wireless ( (TSE:NUR) ) has provided an update.
NuRAN Wireless has clarified and corrected details of a recent financial restructuring tied to its acquisition of Advance Factoring Inc., revising previously disclosed figures on debt settlements and unit issuances completed in December 2025. The company confirmed that acquiring the factoring business, whose main assets were receivables tied to NuRAN, effectively served as a large debt-settlement transaction executed via the issuance of 7,198,026 units valued at $20.8 million, delivering a 23% discount on amounts owed but also resulting in a change of control, with the vendors of the factoring entity now holding 55.8% of NuRAN’s outstanding shares. NuRAN further disclosed that the British Columbia Securities Commission has deemed it in default of certain continuous disclosure obligations until it files a detailed material change report on the restructuring, and the company expects to appear on the regulator’s Issuers in Default List temporarily while it works to complete and submit the required documentation.
More about Nuran Wireless
NuRAN Wireless is a rural telecommunications company focused on expanding wireless network coverage in remote and underserved regions worldwide. The company provides affordable, scalable 2G, 3G and 4G infrastructure solutions aimed at enabling cost-efficient and reliable long-distance communication for populations that lack access to conventional mobile networks.
Average Trading Volume: 822
Technical Sentiment Signal: Sell
Current Market Cap: C$1.45M
For detailed information about NUR stock, go to TipRanks’ Stock Analysis page.